Worldwide experts in HR trends are seeing a strategic shift in how companies recruit and retain talent across organizations, long considered a critically important driver of business competitiveness and growth - according to Executive Networks.
Talent development strategies are shifting away from the so-called 'war for talent' that had companies competing for and raiding competitors for key talent, to a focus on building sustainable bench strength from within.
That shift was the focus of the recent Future of HR Summit in Brussels in June, which gathered global innovators in HR and thought leaders from five continents for a two-day deep dive into the rapidly evolving HR function in business worldwide.
Executive Networks co-produced the Summit, in collaboration with John Herbert of the European HR Forum and Walt Cleaver, former president of the Human Resource Planning Society and current principal of Cleaver Consulting Group.
?This is not your father?s war for talent ? that?s for sure,? said Mike Dulworth, CEO of Executive Networks. ?Our global experts all agree that the focus has shifted within organizations ? and away from focusing on just skills & capabilities, to developing a deep global mindset with an immersion in cultural norms, and the political and economic realities of a given country or region,? Dulworth added.
The Future of HR Summit featured experts on issues & trends in most of the world?s key regions ? including Europe, Asia, North and South America, and Africa.
Summit speakers included Paul Evans, The Shell Chaired Professor of Human Resources and Organisational Development, INSEAD; Luca Solari, Professor of Organization Theory and HRM, University of Milan; Arunav Banerjee, HR Chair, Soil India; Ed Lawler, Professor of Management, University of Southern California; Satish Pradham Chief, Group HR, Tata Group; Peter Attfield, VP HR, Unilever; and Victor Agnellini, Leader of University and Transformation, Alcatel-Lucent.
?Global leaders agree: The future is about talent ? and the shift is away from acquiring it to developing talent within. But it?s also about developing talent in powerful new ways,? said Walt Cleaver, co-producer of the Future of HR Summit. ?Competencies and skills are still important, but all our experts agree that there?s a global shift in developing talent through deep personal and organizational experiences that build a truly global mindset and a strong internal leadership IQ for handling challenges in a volatile and uncertain business world,? added Cleaver.
The Future of HR Summit drew involvement from a wide range of global companies and organizations including, Tata, Lenovo, AXA, Unilever, Dell, Alcatel-Lucent, INSEAD, USC, Thunderbird, Groupo Santillana, Boston Consulting Group, Alstom, H&M, University of Milan, Reckitt Benckiser, SWIFT, Hertz Global Holdings, Lafarge, ExxonMobil, 3M, Monsanto, Novartis, Oxford University SAID Business School, ENDESA, Baxter Health Care, NorthgateArinso, Cenovus Energy, School of Inspired Leadership India, Centre for Applied HR Research, Hong Kong Institute of HR Management, Sweet Sensations and others.
For a content summary of the Future of HR Summit, visit http://executivenetworks.com/about.aspx?id=3529
Details are also on the Executive Networks Facebook page at: http://ow.ly/5mgcg
About Executive Networks
Executive Networks is the leading innovator of peer networks for human resources executives, providing them with exclusive, on-demand access to hundreds of their peers. Our members are leaders at more than 225 large companies who require fast connections with genuine peers, knowledge sharing about proven solutions and best practices; and personal development among peers facing the same issues and challenges. Most of Fortune magazine?s Global Most Admired Companies are members of Executive Networks, in a networking environment that is free of vendors, consultants, and sales pitches. More at: http://www.executivenetworks.com
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